So it was just a textbook squeeze?
The short-term trendline and the 21-day MA sit slightly higher, alongside the former range lows, now acting as resistance. As there is no TACO yet and looking at futures this morning, does not seem we will go through resistance today. Source: TME
Last chance to buy nvidia $NVDA at a sub-20 forward PE ?
Source: Matt Cerminaro, TME
If you invested $1,000,000 in this company a year ago, Today you would have nearly $6,000.
A Bitcoin treasury company Nakamoto $NAKA crashed -99.30% in less than a year from its peak market cap of $24 billion to just $180 million erasing $23.3B in value. They company came under fire after the filing revealed that they just sold $20M worth of BTC at $70K which they bought at an average buying price of $118K, booking a -40% loss. The core issue is simple. Bitcoin is trading far below their cost basis, so the value of their treasury is shrinking while liabilities remain fixed. At the same time, the stock has collapsed below $1 for 30+ consecutive days, which directly triggers Nasdaq non compliance. If this is not fixed, the stock is expected to be delisted by 8 June 2026. Once delisted: liquidity drops → institutional access reduces → raising capital becomes extremely difficult. Source: Bull Theory
Kind of mind-boggling.
Source: Lance Roberts @LanceRoberts
Global stocks lost $12 trillion in March, the single-largest value wipeout on record in a single month
(≠ to worst month on record; that's still Oct 2008, just that now the market is much much bigger) Source: Bloomberg, David Ingles @DavidInglesTV
In considering Tuesday's rally, don't forget that the quarter-end pension rebalance was estimated by Goldman at $34bn, the 8th largest since 2000 and a top 10 buy imbalance in history.
$34bn to buy in equities ranks in the 94th percentile amongst all buy and sell estimates in absolute dollar value over the past three years and in the 96th percentile going back to Jan 2000. Source: Neil Sethi on X, Goldman Sachs
Since Exxon was kicked out of the Dow Jones "Industrial" Average and replaced by Salesforce in August 2020, Exxon is up 325%. Salesforce is down 32%
Source: zerohedge
Strong earnings with multiple contraction. That’s 2026 in a nutshell.
Source: @mattcerminaro Daily Chartbook
